Refer to the Monument Office Building example. Suppose market rents do not increase over time for lease
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Refer to the Monument Office Building example. Suppose market rents do not increase over time for lease renewals. How does this affect the unleveraged IRR?
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The return drops to 1298 from 1346 To h...View the full answer
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Related Book For 
Real Estate Finance and Investments
ISBN: 978-0073377339
14th edition
Authors: William Brueggeman, Jeffrey Fisher
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